Market Analysis Today

$BTC has been fluctuating these past few days with no significant breakthroughs, and capital is mainly active in Ethereum. Although $ETH has not yet reached a historical high, if it rises first, it is likely to drive BTC upward as well. Currently, BTC is about 3% away from its previous high, and there is basically no substantial resistance from 4200 to the historical peak; once it breaks through, it may rise quickly. Just be cautious, as the indicators are still normal, but if there is a quick acceleration in the short term, the technical indicators may start to show overbought conditions, which could lead to a pullback. Therefore, blindly chasing highs in the 4700-4900 range carries significant risks.

In terms of platform tokens, OKB has seen a strong rise, which has also led some other platform tokens to follow suit, but this may only be a short-term effect, as there are currently no positive developments for other platforms, and they are in competition with each other, making it difficult for them to sustain a long-term bull market together. However, looking at the trend, OKB did not drop much during the bear market, maintaining a stable control, mainly because it does not have many practical applications, and its holdings are relatively concentrated, which naturally makes price fluctuations more controllable. OKB is unlikely to have any rights related to the OK platform anymore; it is uncertain whether there will be empowerment on-chain, but I feel that the OK chain cannot be developed unless a large amount of money is spent to push it hard. In the future, those trapped by OKB will probably not be able to find Old Xu again; this time, it is equivalent to rescuing all previous trapped positions and issuing a large red envelope.

On the public chain side, $SOL started to gain momentum today. Last time it made up for losses, it only lasted two days before pulling back, so how long it can sustain this time depends on whether the capital can continue to flow in and whether the ecosystem's activity level has improved. If the enthusiasm can be maintained, there is a chance for continued recovery, but if the funds are absorbed by BTC and ETH again, the rebound may be relatively short.